Has the Australian Gold Industry valuation changed over the past few years?

Investors are more pessimistic on the industry, indicating that they anticipate long-term growth rates will be lower than they have historically. The industry is trading at a PE ratio of 9.8x which is lower than its 3-year average PE of 14.9x.

How does Australian Gold compare with similar industries?

There is insufficient data on the sub-industries of this industry.

Australian (ASX) Gold Industry Analysis

Date	Market Cap	Revenue	Earnings	PE
Sat, 28 May 2022	AU$65.0b	AU$19.1b	AU$2.2b	9.8x
Mon, 25 Apr 2022	AU$75.2b	AU$19.0b	AU$2.2b	13.3x
Wed, 23 Mar 2022	AU$72.2b	AU$18.6b	AU$2.2b	11.5x
Fri, 18 Feb 2022	AU$64.8b	AU$18.4b	AU$2.6b	11.1x
Sun, 16 Jan 2022	AU$65.5b	AU$18.4b	AU$3.0b	10.6x
Tue, 14 Dec 2021	AU$62.6b	AU$18.5b	AU$3.1b	10.2x
Thu, 11 Nov 2021	AU$64.6b	AU$18.3b	AU$3.0b	11.1x
Sat, 09 Oct 2021	AU$62.4b	AU$18.4b	AU$3.0b	10.7x
Mon, 06 Sep 2021	AU$64.0b	AU$18.0b	AU$3.2b	9.6x
Wed, 04 Aug 2021	AU$67.0b	AU$18.0b	AU$3.1b	11.5x
Sat, 08 May 2021	AU$66.4b	AU$17.5b	AU$3.0b	10.7x
Tue, 09 Feb 2021	AU$61.2b	AU$16.9b	AU$2.9b	12.7x
Mon, 02 Nov 2020	AU$69.1b	AU$16.6b	AU$2.3b	14.6x
Thu, 06 Aug 2020	AU$76.1b	AU$16.0b	AU$1.9b	18.8x
Sun, 10 May 2020	AU$57.2b	AU$15.9b	AU$1.6b	18.7x
Sat, 01 Feb 2020	AU$55.2b	AU$14.1b	AU$1.2b	21x
Tue, 05 Nov 2019	AU$53.5b	AU$13.7b	AU$1.3b	17.4x
Fri, 09 Aug 2019	AU$59.3b	AU$13.2b	AU$1.2b	17.9x


AU Market	-1.30%
Materials	-3.49%
Metals and Mining	-3.76%
Gold	-1.71%
Copper	1.01%
Silver	0%
Aluminum	-1.34%
Steel	-2.03%
Precious Metals and Minerals	-3.10%
Diversified Metals and Mining	-4.72%

Company	Last Price	7D	1Y	Valuation
FFX Firefinch	AU$1.07	13.9% +AU$153.6m	187.8%	PS11.5x
PRU Perseus Mining	AU$1.91	5.2% +AU$129.1m	36.1%	PS13.5x
TIE Tietto Minerals	AU$0.41	-4.6% AU$36.8m	15.3%	PB4.7x
GMD Genesis Minerals	AU$1.53	10.5% +AU$36.6m	131.8%	PS7650x
IR1 IRIS Metals	AU$0.39	n/a AU$34.0m	n/a	PB173.3x

May 24

Tietto Minerals Limited Hits 55.13G/t Gold from Infill Drilling At AG South

Tietto Minerals Limited reported highgrade gold results from infill drilling completed at AG South, part of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Tietto reported the second batch (54 DD holes for 9,265m) of assay results from infill diamond drilling at AG South. The diamond drill program was designed to convert Indicated Resources to Measured Resources for mining in the first two years of production. Tietto is completing infill drilling at AG South on 25m line spacings between Section Lines 0 to 13 to a depth covering the first two years of gold production at Abujar (~120m vertical depth). Gold mineralisation at AG South remains open at depth and Tietto is planning further drilling to assess the potential below the planned DFS open pit. Tietto completed a AUD 130 million twotranche placement to accelerate development of Abujar, with no debt. The placement allowed the participation of likeminded investors, keen for the Company to realise first gold production by Fourth Quarter 2022 and produce 260,000oz gold in 2023. Tietto remains very well positioned to advance its dual strategy of `Drill and Build' throughout 2022: 1. Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and 2. Fasttrack development of Abujar Gold Project to achieve first gold in Fourth Quarter 2022. Tietto continues to deliver project milestones; with Abujar's maiden Measured gold resources of 7.7Mt @ 1.4 g/t Au for 350,000oz reported on 11 April 2022. Tietto will deliver an update on Abujar's LOM production plan in early Third Quarter 2022 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +35% greater than USD 1407/oz used in the DFS5), targeting a material increase to existing LOM production. This study has been expanded to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto's own team is advancing construction of the process plant and associated infrastructure which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of Fourth Quarter 2022 and is on track to become West Africa's next producing gold mine.

May 20

Perseus Mining Limited (ASX:PRU) completed the acquisition of remaining approximately 85% stake in Orca Gold Inc. (TSXV:ORG) from a group of shareholders.

Perseus Mining Limited (ASX:PRU) entered into an agreement to acquire remaining approximately 85% stake in Orca Gold Inc. (TSXV:ORG) from a group of shareholders for approximately CAD 200 million on February 26, 2022. Under the terms of the transaction which will be by way of a statutory plan of arrangement, holders of Orca shares that are not already owned by Perseus have been offered 0.56 Perseus shares for every Orca share held. If consummated, the Orca acquisition would result in Orca shareholders owning approximately 9.1% of the pro-forma Perseus Shares then outstanding. Orca will pay a termination fee of CAD 7.5 million to Perseus in case Orca terminates the agreement. The transaction is subject to Orca's shareholders approval, receipt of court approval, regulatory approvals and other customary closing conditions. Special committee of independent directors of Orca has unanimously recommended the transaction to the Board of Directors of Orca. Orca’s Board of Directors have unanimously approved the transaction and recommends that the Orca shareholders vote in favor of the transaction. The arrangement agreement has also been unanimously approved by the Board of Directors of Perseus. Directors, officers and certain other shareholders of Orca owning in aggregate approximately 37% of Orca's voting securities have entered into voting support agreements and have agreed to vote all the securities they own or control in favor of the transaction. As of May 16, 2022, Orca Gold Inc. shareholders voted to approve the acquisition. On May 18, 2022, the Supreme Court of British Columbia approved the transaction. The transaction is expected to close in early June 2022. As per disclosure on April 21, 2022, assuming the requisite approvals are obtained at the meeting, completion of the Arrangement is expected to occur on May 19, 2022. The transaction is expected to be net asset value per share accretive on the assumption that the Block 14 Project is brought into production. BMO Nesbitt Burns Inc. acted as fairness opinion provider to the Special Committee and the Board of Directors of Orca, and acted as financial advisor to Orca. Susan Tomaine and Alexandra Luchenko of Blake, Cassels & Graydon LLP acted as legal advisors to Orca. Al Gourley of Fasken Martineau DuMoulin LLP and Corrs Chambers Westgarth acted as legal advisors, and Sternship Advisers Pty Ltd. acted as financial advisor to Perseus Mining Limited. Computershare Investor Services Inc. acted as depository bank to Orca. Computershare Investor Services Pty Limited and Computershare Investor Services Inc. acted as transfer agents to Perseus. Computershare Trust Company of Canada acted as proxy solicitor and PricewaterhouseCoopers LLP, Chartered Accountants acted as accountant to Orca. Perseus Mining Limited (ASX:PRU) completed the acquisition of remaining approximately 85% stake in Orca Gold Inc. (TSXV:ORG) from a group of shareholders on May 19, 2022. Perseus issued an aggregate of 125,278,266 ordinary shares in the capital of Perseus to the holders of Orca Shares. The Orca Shares are expected to be delisted from the TSX Venture Exchange within approximately two trading days following the completion of the Arrangement. Orca has applied to the Canadian securities regulators to cease to be a reporting issuer in each of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and New Brunswick.

Australian (ASX) Gold Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

BBX

BBX Minerals Limited Reports Assay Results for Diamond Drill Hole TED 015, Drilled in the 2021 Drilling Programs At the Três Estados Project

OKU

B2Gold Corp. (TSX:BTO) entered into a definitive scheme implementation agreement to acquire Oklo Resources Limited (ASX:OKU) for AUD 87.4.

TIE

Tietto Minerals Limited Hits 55.13G/t Gold from Infill Drilling At AG South

RSG

Resolute Mining Limited Appoints Terry Holohan as Managing Director

SBM

St Barbara (ASX:SBM) Is Making Moderate Use Of Debt

NST

Is There An Opportunity With Northern Star Resources Limited's (ASX:NST) 49% Undervaluation?

PRU

Perseus Mining Limited (ASX:PRU) completed the acquisition of remaining approximately 85% stake in Orca Gold Inc. (TSXV:ORG) from a group of shareholders.

FFX

Is Firefinch (ASX:FFX) Using Debt In A Risky Way?

DCN

Dacian Gold Limited Announces Appointment of Sue-Ann Higgins to Its Board of Directors as Non-Executive Director

DEG

De Grey Mining Limited Reports the Results of Pilot Scale Metallurgical Testwork from Its Brolga Zone At Hemi

RED

Red 5 Limited Advises That First Ore Has Commenced Being Processed Through the 4.7Mtpa Processing Plant At King of the Hills (Koth) Gold Project in Western Australia

CMM

Investor sentiment deteriorated over the past week

SLR

Price target decreased to AU$2.24

GMD

Less than half of directors are independent

NCM

Here's What To Make Of Newcrest Mining's (ASX:NCM) Decelerating Rates Of Return